Stock of the Day: What’s in HSN, Inc. After Making 1 Year Low?

November 7, 2016November 7, 2016Ellis Scott

The stock of HSN, Inc. (NASDAQ:HSNI) hit a new 52-week low and has $29.65 target or 9.00% below today’s $32.58 share price. The 9 months bearish chart indicates high risk for the $1.66 billion company. The 1-year low was reported on Nov, 7 by Barchart.com. If the $29.65 price target is reached, the company will be worth $149.40 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 219,558 shares traded hands. HSN, Inc. (NASDAQ:HSNI) has declined 29.69% since April 5, 2016 and is downtrending. It has underperformed by 31.64% the S&P500.

HSN, Inc. (NASDAQ:HSNI) Ratings Coverage

Out of 9 analysts covering HSN (NASDAQ:HSNI), 4 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 44% are positive. HSN has been the topic of 18 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Thursday, October 6 by Citigroup. Zacks upgraded HSN, Inc. (NASDAQ:HSNI) on Thursday, August 27 to “Sell” rating. Craig Hallum downgraded the stock to “Hold” rating in Monday, October 10 report. The firm earned “Underperform” rating on Tuesday, September 20 by Bank of America. FBR Capital maintained HSN, Inc. (NASDAQ:HSNI) rating on Friday, August 5. FBR Capital has “Mkt Perform” rating and $51 price target. Zacks upgraded the stock to “Sell” rating in Friday, August 21 report. The firm has “Buy” rating given on Thursday, November 5 by Brean Capital. The firm has “Buy” rating given on Friday, August 5 by Maxim Group. The stock has “Buy” rating given by Wunderlich on Tuesday, November 1. The stock has “Buy” rating given by Citigroup on Wednesday, August 10.

According to Zacks Investment Research, “HSNi owns and operates, through its subsidiaries, HSN, a retailer and interactive lifestyle network offering a broad assortment of products through television home shopping programming on the HSN television network and HSN.com. HSN strives to transform the shopping experience by incorporating experts, entertainment, inspiration, solutions, tips and ideas in connection with the sale of products through the HSN television network and HSN.com. HSNi also owns and operates, through its subsidiaries, the Cornerstone Brands portfolio of catalogs and related websites, including Frontgate, Ballard Designs, Garnet Hill, Smith+Noble, The Territory Ahead, TravelSmith and Improvements, as well as a limited number of retail stores.”

Insitutional Activity: The institutional sentiment increased to 1.1 in 2016 Q2. Its up 0.01, from 1.09 in 2016Q1. The ratio is positive, as 29 funds sold all HSN, Inc. shares owned while 55 reduced positions. 18 funds bought stakes while 74 increased positions. They now own 32.54 million shares or 2.21% more from 31.84 million shares in 2016Q1.
Credit Suisse Ag holds 0% of its portfolio in HSN, Inc. (NASDAQ:HSNI) for 46,598 shares. Ubs Asset Management Americas Inc last reported 0% of its portfolio in the stock. Landscape Capital Management Ltd Llc has invested 0.05% of its portfolio in HSN, Inc. (NASDAQ:HSNI). Guggenheim Capital Ltd Co reported 7,814 shares or 0% of all its holdings. The North Carolina-based Financial Bank Of America Corp De has invested 0% in HSN, Inc. (NASDAQ:HSNI). Airain Limited holds 10,187 shares or 0.03% of its portfolio. Zebra Capital Mngmt Limited Liability Company has 54,509 shares for 0.93% of their US portfolio. Comerica Bank accumulated 0.03% or 65,664 shares. Jpmorgan Chase And accumulated 0% or 22,149 shares. The Georgia-based Invesco has invested 0% in HSN, Inc. (NASDAQ:HSNI). Bank & Trust Of New York Mellon holds 426,783 shares or 0.01% of its portfolio. Deprince Race Zollo has 0.56% invested in the company for 568,993 shares. Bb&T has 95,496 shares for 0.1% of their US portfolio. Morgan Stanley has 0% invested in the company for 38,980 shares. Gotham Asset Mngmt Ltd Liability, a New York-based fund reported 54,339 shares.

Insider Transactions: Since August 17, 2016, the stock had 0 buys, and 2 insider sales for $348,520 net activity. On Friday, August 19 the insider MCINERNEY THOMAS sold $174,040.

More important recent HSN, Inc. (NASDAQ:HSNI) news were published by: Nasdaq.com which released: “HSN Inc. Q3 Earnings Retreat 27%” on November 07, 2016, also Nasdaq.com published article titled: “HSN, Inc. Announces Carmen Bauza as Executive Vice President and Chief …”, Cnbc.com published: “HSN, Inc. shares tumble 9 percent; CEO says election weighing on consumers” on August 04, 2016. More interesting news about HSN, Inc. (NASDAQ:HSNI) was released by: Globenewswire.com and their article: “HSN, Inc. to Report Third Quarter 2016 Results on November 7th” with publication date: October 17, 2016.

HSNI Company Profile

HSN, Inc., incorporated on May 9, 2008, is an interactive multi-channel retailer. The Firm markets and sells a range of third party and merchandise directly to clients through various platforms, including television home shopping programming broadcast on the HSN television networks; catalogs, consisting of the Cornerstone portfolio of print catalogs, which includes, Ballard Designs, Chasing Fireflies, Frontgate, Garnet Hill, Grandin Road, Improvements and TravelSmith; Websites, which consist primarily of HSN.com, joymangano.com and over seven branded Websites operated by Cornerstone; mobile devices; retail and outlet stores, and wholesale distribution of certain products to other retailers. The Firm operates through two divisions: HSN and Cornerstone. HSN offerings consist of jewelry, fashion (apparel and accessories), beauty and health (including beauty, wellness and fitness), and home and other (including home, electronics, culinary and other). Merchandise offered by Cornerstone consists of home furnishings (including indoor/outdoor furniture, home decor, tabletop, textiles and other home related goods), and apparel and accessories.